For Immediate Release
25 November 2010
MediaZest Plc
Contract Win
MediaZest Plc ("MediaZest" or "the Group"; AIM: MDZ), the creative digital
out-of-home advertising company and audio-visual ("AV") integrator, announces
that its wholly owned subsidiary, TouchVision Limited, has been successful in
tendering for a number of specific Lots under the following Inter-Regional AV
Equipment Framework Agreement ("Framework Agreement").
The Framework Agreement will run for a term of three years, 2 November 2010 to
1 November 2013, with provision for an extension of a further year. The
Framework Agreement covers four purchasing consortia:
* Higher Education Purchasing Consortium, Wales ("HEPCW") - comprising 12
members
* Value Wales - comprises 122 member institutions and includes public sector
bodies such as Companies House, the DVLA and the Food Standards Agency, as
well as a number of Educational institutions
* London Universities Purchasing Consortium ("LUPC") - comprising 68 full
member institutions
* Southern Universities Purchasing Consortium ("SUPC") - comprising 112
member institutions
The Lots which TouchVision has successfully tendered for are as follows:
AV equipment supply only - for HEPCW, Value Wales, LUPC, SUPC. This Lot has an
estimated annual value of £2million and TouchVision is one of five companies to
have been successful in tendering for this Lot.
AV presentation systems, equipment and services (including design, supply and
installation) - for HEPCW, Value Wales and LUPC. The HEPCW and Value Wales
element has an estimated annual value of £1million and Touch Vision is one of
eleven companies to have been successful in tendering for this Lot. The LUPC
element of this Lot has an estimated annual value of an additional £2.5million
and TouchVision is one of nine companies to have been successful in tendering
for this section of the Lot.
Supply of projector lamps - for all four purchasing consortia. This Lot has an
estimated annual value of £2million. TouchVision is one of four companies to
have been successful in tendering for this Lot.
The expected total annual spend by the consortia in respect of the Lots to
which TouchVision has been appointed is £7.5million.
Geoff Robertson, CEO of MediaZest, commented:
"TouchVision is excited to be joining the tender framework of these prestigious
buying consortia for the first time. The company has historically worked with
several of the member institutions over the last 35 years under separate
agreements and looks forward to continuing this work through the Inter-regional
AV Equipment Framework Agreement. We recognise this is a challenging time for
public sector bodies including the Educational sector in the UK but believe we
can add significant value to the institutions covered under the tender to help
them meet cost saving targets whilst providing a first class learning
environment for students, a first class teaching environment for academic staff
or a first class working environment for stakeholders.
This is a great opportunity for our business and we are committed to working
hard with all members of the consortia to mutual benefit."
Notes to Editors:
About MediaZest
The MediaZest Group has two specialist divisions. MediaZest Ventures is a
creative media agency that specialises in providing innovative out-of-home
marketing solutions to leading brand owners and retailers. It supplies an
integrated service from concept design, content creation and system design to
installation, technical support and maintenance and is headquartered in London.
TouchVision, its engineering offering, is based in Farnham in Surrey. It is an
audio visual systems integrator with over 35 years of high quality engineering
experience, primarily in the Education/Public Sector, Retail and Corporate
sectors. MediaZest was admitted to London's AIM market in February 2005. For
more information, please visit www.mediazest.com and www.touchvision.tv.
Enquiries:
Geoff Robertson, Chief Executive 020 7724 5680
Officer
MediaZest Plc
Stuart Lane/Rod Venables, Nominated Adviser 020 7492 4750
Northland Capital Partners Limited
Claire Noyce, Broker 020 7947 4350
Hybridan LLP
END
MEDIAZEST PLC
